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Arte-miy333 [17]
3 years ago
12

What is the future value of $450 at an interest rate of 15 percent one year from today?

Business
1 answer:
gladu [14]3 years ago
3 0

Answer:

$517.50

Explanation:

we have to use the future value formula:

future value = present value x (1 + interest rate)ⁿ

  • present value = $450
  • interest rate = 15%
  • n = 1 year

future value = $450 x (1 + 15%) = $450 x 1.15 = $517.50

The basic premise of finances is that the value of money changes over time, i.e. one dollar today is worth more than one dollar tomorrow. That is because the money yo have today can be invested and it can interest, therefore, it will be worth more in the future.

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Beach Surf Boards is making a decision on whether to add long boards as a new product line to complement its short boards. A rec
Verizon [17]

Answer:

profit increase by 750 dollars

Explanation:

We must base our analisys considering only the loan board associated cost:

<em><u>contribution per long board:</u></em>

300 sales price - 225 variable cost = $75

total contribution for 250 units:

250x$75 = 18,750

<em><u>increase in fixed cost:</u></em>

69,000 - 51,000 = 18,000

incremental operating profit:

18,750 contribution - 18,000 fixed cost = 750

4 0
3 years ago
At the beginning of the year, long-term debt of a firm is $308 and total debt is $339. At the end of the year, long-term debt is
Gnoma [55]

Answer:

The amount of the cash flow to creditors is $74

Explanation:

Beginning of the year:

Long-term debt = $308

Total debt = $339

At the end of the year:

Long-term debt = $269

Total debt = $349.

Interest = $35

Net new borrowing = Ending Long-term debt - Beginning Long-term debt

= $269 - $308

= ($39)

Cash flow to creditors = Interest paid - Net new borrowing

= $35 - ($39) = $ 74

4 0
3 years ago
You have a $50,000 portfolio consisting of Intel, GE, and Con Edison. You put $20,000 in Intel, $12,000 in GE, and the rest in C
Marrrta [24]

Answer: 1.048

Explanation:

First let us calculate the amount in Con Edison

= 50,000 - 20,000 - 12,000

= $18,000

To calculate the Portfolio Beta, you take the sum of the respective betas of the various stocks in the portfolio multiplied by their proportion in the portfolio.

Intel = 20,000/50,000

= 2/5

GE = 12,000/50,000

= 6/25

Con Edison = 18,000/50,000

= 9/25

Adding them up we will have

= (1.3*2/5) + (1*6/25) + (0.8*9/25)

= 1.048

If you need any clarification do react or comment.

3 0
3 years ago
Examples of ______ are the AFL-CIO (a union) and the National Federation of Independent Business. Both are voluntary groups with
Vesnalui [34]

Answer:

Volunteer co-ops

Explanation:

Examples of VOLUNTEER CO-OPS are the AFL-CIO (a union) and the National Federation of Independent Business. Both are voluntary groups with the purpose of advancing member interests.

The above statement is true because Volunteer co-ops are otherwise known as Volunteer Cooperation is a form of cooperative relationship or establishment in which there are various volunteers involved in the process, whose purpose is to benefit real members or the citizens at large.

6 0
2 years ago
Which payment option can offer additional security like<br> fraud protection?
Vesna [10]

Answer:

Credit Card

Explanation:

Most credit card company created a multiple steps verification for each transactions from your credit card as a form of fraud protection.

For example,

Most credit card companies will send a set of codes to your mobile phone every time an online transaction was made. The transaction wouldn't be approved unless you managed to input those codes. So, if your credit card is stolen, the people who stole it wouldn't be able to make online purchase unless they steal your phone along with it.

Another example. Most credit card companies can  block the card if they detected a suspicious activity. (for example, when it's used in multiple different cities compared to your usual city. )

4 0
2 years ago
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